Korea to reform FX market to join MSCI developed markets
South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...
S. Korea's economic growth jumps to 11-year high
South Korea recorded 4% economic growth in 2021 – its highest jump in 11 years – according to the country’s central bank. The Ban...
Korea’s biotech startup Voronoi to go public in March
South Korea’s biotechnology startup Voronoi Inc. plans an initial public offering in March to raise up to 130 billion won ($108.4 million).Vor...
Bank of Korea to test CBDC on Samsung devices, not on iPhone
The Bank of Korea (BOK) will launch real-life, offline tests for a central bank digital currency (CBDC) project on Samsung Electronics Co.'s Galaxy ...
Korea’s GS E&C to export hydrogen plant modules to US
GS Engineering & Construction Co. will export hydrogen plant modules to the US, becoming the first South Korean builder for such overseas sales....
Plastics drive Korea's highest-ever exports in 2021
Plastics rise as Korean SMEs’ main export Many Korean small and medium enterprises performed exceptionally amid the economic recovery in 2021...
Korea to see second month of trade deficit
South Korea is slated to see a trade deficit for a second straight month in January for the first time since the 2008-09 global financial crisis on ...
Lotte acquires Ministop Korea for $260 mn from Aeon
South Korea's Lotte Group has agreed to acquire a 100% stake in Ministop Korea for 313.4 billion won ($263 million), the country's fifth-largest con...
S.Korea's Jan. bond issues on track for record $6 bn
South Korean companies are ramping up their local bond issuances to finance expansion into low-carbon and contactless platform businesses, with stro...
China’s ByteDance invests $42 mn in Korea’s KidariStudio
China’s ByteDance Ltd., the developer of video-sharing social networking service TikTok, announced Friday that it invested 48 billion won ($42...
Microsoft $69 bn bet spurs Korea game makers' search for metaverse deals
South Korea’s game developers are expected to seek more acquisitions of the metaverse and non-fungible token (NFT) companies for new profit so...
Squid Game’s mega-hit spurs Netflix to release record K-content
Netflix Inc. plans to release 10 additional Korean-language originals this year as the smash success of Squid Game has impelled the world’s to...
Scandal-hit SillaJen faces higher delisting risk
South Korea's SillaJen Inc., once the largest stock on Kosdaq by market value, faces a higher risk of being kicked out of the country's junior stock...
Hyundai to offer auto finance in France to boost Europe vehicle sales
Hyundai Capital Services Inc., a financial services subsidiary of Hyundai Motor Group, and CGI Finance, a unit of Societe Generale Group, have launc...
Korea's Mirae Asset to launch digital asset business
Mirae Asset Financial Group, South Korea’s capital market giant, is set to enter the digital asset business, starting with a digital asset cus...
Materials, parts makers drive Korea's 2021 M&A boom
Materials, components and equipment makers drove South Korea's mergers and acquisitions market to a record high last year, with smaller deals involv...
STIC injects $168 mn in pre-unicorn Musicow
Music copyright trading platform Musicow Inc. has attracted a 200 billion won ($167.9 million) investment from Korea’s private equity firm STI...
Affinity to send teaser for Burger King Korea, Japan sale
Affinity Equity Partners is set to send an investment teaser this week for the planned sale of Burger King’s operations in South Korea and Jap...
Lotte Group beats Shinsegae to acquire Ministop Korea
Lotte Group beat its retail rival Shinsegae Group in a competition to buy South Korea’s fifth-largest convenience store chain Ministop Korea. ...
S.Korea’s defense exports to top $10 billion
South Korea’s defense exports hit a record last year as key local makers such as LIG Nex1 Co., Hanwha and Korea Aerospace Industries Ltd. (KAI...
Korea’s defense companies emerge as coveted growth stocks
South Korea’s defense companies have been regarded as typical domestic stocks with their share performances broadly linked to the size of the ...
Creditors to unveil new plans next week to sell DSME
Creditor banks of South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) are mulling new ways to find a new owner of the debt-ridden ...
Hyundai Heavy, DSME merger falls through on EU veto
The European Commission on Thursday vetoed the combination of the world’s two largest shipbuilders Hyundai Heavy Industries Co. and Daewoo Shi...
Lotte Group aims for top spot in metaverse retail space
Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...
POSCO to revive India steel mill construction plan
POSCO Co. plans to build a steel mill jointly with India's Adani Group in western India, the South Korean steelmaker said on Thursday, after its pre...
Bank of Korea may hike rates this week to curb inflation, household debt
South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve ...
LG Energy IPO fever lifts Korea’s battery stocks
LG Energy Solution Ltd., the world’s No. 2 battery maker, attracted a record $9.65 trillion demand for South Korea’s largest-ever initia...
Motional to begin robotaxi dispatch next year
US-based autonomous vehicle company Motional Inc. announced its plans for the commercialization of driverless cars based on the all-electric Hyundai...
Coupang to shake up Korea’s logistics industry landscape
South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...
Tighter rules on business split-ups may benefit SK Inc.
As South Korean securities regulators are moving to tighten their grip on the growing trend of splitting up businesses and listing the spun-off arms...
